CFPB: Five Never, Three Maybe, One for Now

It was interesting to read David Baumann’s June 23, 2017 article on the 22 trade groups that are asking Congress to convert the CFPB into a five-member, president-appointed, Senate-confirmed, bi-partisan commission. The most interesting aspect about this effort...

MidFlorida CU to Pay $2.375 Million in Overdraft Suit

Lakeland, Fla.-based MidFlorida Credit Union has agreed to pay $2.375 million to settle a class-action lawsuit regarding its overdraft fee practices. The settlement requires MidFlorida CU, which has $2.9 billion in assets and 271,000 members, to pay members for...

NCUA Bans 6 Former CU Employees

Six former credit union employees, including two CEOs, a commercial services manager, a teller and a senior member service representative were banned from participating in the affairs of a federally insured financial institution, according to a prepared statement...

Second Home Markets Sizzle

When buyers are looking for a second home at a reasonable price, they’re likely to be looking in Tennessee, North Carolina, Florida and Maryland. Those states dominate the top 10 of a list of 100 cities identified Monday by ATTOM Data Solutions as the best...